Tag: middle class

middle class

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Home ownership no longer barometer for the middle class as prices, interest rates squeeze salaries

A report by a think tank found that while 52.9 percent of households in Korea qualify as middle income by OECD standards, only 24.6 percent actually are.

2026.10.8

North Korea’s Rodong Sinmun reported on Aug. 3 that “people’s laughter resounded in every cultural recreation site″ at the Wonsan-Kalma coastal tourist area. [NEWS1]

North's Kalma resort likely for domestic tourists, expert says

A prominent North Korean researcher believes that the new Wonson-Kalma coastal resort was intended to attract local tourists rather than international visitors, contrary to earlier speculation that it was intended to generate cash for the regime.

2025.8.5

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Citizens crowd a shopping district in Myeong-dong, Jung District, central Seoul on May 27. [NEWS1]

Korea's middle class rises to a record high of 60%. But many don't feel that way.

The proportion of Korea’s middle class has risen to a record high of around 60 percent, but half of them feel like they belong to the lower class, according to latest data.

2025.5.28

The shaky Korean middle class

Self-employed persons, who make up a pillar of the middle class, have been crumbling fast.

2023.5.18

Revamp the tax code for the middle class (KOR)

Before the finance minister pleads to employers not to raise wages too much due to inflationary pressure, he must turn attention to the sclerotic tax code for the middle class.

2022.7.12

Revamp the tax code for the middle class

Before the finance minister pleads to employers not to raise wages too much due to inflationary pressure, he must turn attention to the sclerotic tax code for the middle class.

2022.7.11

A class above all others

'The most perfect political community is one in which the middle class is in control.'

2022.6.27